The Circular Flow Model Shows That

question 50

Multiple Choice

The circular flow model shows that:

• A)households are on the demand side of the resource market.
• B)firms are on the demand side of both the product and resource markets.
• C)households are on the supply side of the resource market and the demand side of the product market.
• D)firms and governments are on the supply side of the loanable funds market.
• E)governments are on the demand side of the product market and the supply side of the resource market.

---

Definitions:

Philanthropic Programs

Initiatives or projects undertaken by an organization or individual aimed at promoting the welfare of others, typically through charitable donations or social activities.

Steve Jobs

An iconic figure in the technology sector, best known for co-founding Apple Inc. and significantly influencing the development of innovative products like the iPhone and MacBook.

Apple

A major technology company known for its innovation in consumer electronics, software, and services.

Societal Values

The beliefs and norms that a society holds important and bases its collective behavior on.